From $300 to $35k in One Week- Unbelievable but True with GoodEntry!

GoodEntry is a decentralized exchange (DEX) built on the Arbitrum network, designed for trading perpetual contracts with a focus on security and efficiency. It offers features like ezvaults for added security and operates with lower gas fees due to its use of the Arbitrum network.

The journey of a small account trader – Could this be you?

Cryptocurrency trading is a thrilling rollercoaster ride, and some traders manage to turn small investments into substantial gains. One such trader is @Altcoin hamster, who recently shared their remarkable journey on the GoodEntry platform.

The Story

Altcoin Hamster started with a modest $300 investment and turned it to 35k – that’s a 100x !!!

Ring a bell? Sounds like a regular noob crypto trader with some guts and gambling instinct aping in to a meme coin …..

Unfortunately not this time. This was using a controlled trading strategy with unlimited upside and limited downside risk by timing perfect the uptrend on each trade.

The Strategy

Trading protected perpetual contracts on the Arbitrum network using the GoodEntry platform.

When regular traders were getting chopped in the volatile market where BTC fluctuated between 3-6K USD in a space of 15 minutes, this user just went with the trend and never against it.

Let’s break down the key elements:

1. Protected Perpetuals:
   • These are derivative products that allow traders to speculate on asset prices without owning the underlying assets.
   • Good Entry’s protected perpetuals provide a safety net, preventing liquidations during extreme market volatility.
2. Leverage Magic:
   • Usage of high leverage (500x to 1000x) to amplify gains.
   • While others faced liquidations, Altcoin Hamster surfed the waves with precision.
3. Good Entry Platform:
   • Decentralized Exchange (DEX) built on the Arbitrum network.
   • Designed for efficient and protected trading of perpetual contracts.
   • Offers speed, low fees, and a safety mechanism against liquidations.

How GoodEntry Works

1. Access the Platform:
   • Visit GoodEntry.io and connect your wallet.
   • Explore the user-friendly interface.
2. Choose Your Market:
   • GoodEntry supports various markets, including crypto pairs and real-world assets.
   • Select the perpetual contract you want to trade.
3. Set Your Parameters:
   • Choose leverage, entry price, and position size.
   • GoodEntry’s protection mechanism ensures you won’t get wiped out.
4. Trade with Confidence:
   • Execute your trade.
   • Enjoy the speed and efficiency of the Arbitrum network.

If you are really good at high leverages when it comes to volatility you can trade 200-1000x depending on your risk tolerance as it liquidates your positions by time not price, very much like options trading. And another trick is to follow the top 5 traders on the platform with statistics of leaderboard from Dune on PnL. Simply copy the top 5 addresses to a non-custodial wallet like Uniswap and set alerts to get notifications on each trade!